Group Receivable definition

Group Receivable means, with respect to any Group, each Receivable designated to such Group in an Acquisition Notice or re-designated to such Group in accordance with the Section 3.3 of the Master Collateral Agreement, but excluding any such Receivable that becomes a Transferred Receivable or Reconveyed Receivable, or is re-designated from such Group to another Group in accordance with the Section 3.3 of the Master Collateral Agreement.
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Examples of Group Receivable in a sentence

  • If a Group Receivable that was reviewed by the Asset Representations Reviewer is the subject of a dispute resolution proceeding under Section 11.2 of the Transfer and Servicing Agreement, the Asset Representations Reviewer will participate in the dispute resolution proceeding on request of a party to the proceeding.

  • The sole remedy of the Trust, the Master Collateral Agent, the Owner Trustee, each Indenture Trustee and the applicable Group Secured Parties for any extension, modification, amendment, cancellation or waiver of a Group Receivable or any terms thereof under Section 3.2(b), or a breach of the covenants made by the Servicer in Section 3.2(c) or (d) is the Servicer’s acquisition of the Group Receivables, as described under this Section 3.3.

  • Receipt of such sum into the said account will constitute full and final settlement of the Vendor's Group Receivables and the Vendor will indemnify the Purchaser (for itself and as trustee for each Group Company) against any claim made or actions brought by any Vendor's Group Company in respect of any Vendor's Group Receivable.

  • Each Conduit may, at its option, instruct its related Managing Agent to purchase on its behalf or, if such Conduit shall decline to purchase, such Managing Agent shall purchase on behalf of the Investors in its Purchase Group, Receivable Interests offered by the Seller for sale and assignment from time to time during the period from the date hereof to but not including the Facility Termination Date.

  • Receipt of such sum into said account will constitute full and final settlement of the Group Receivables and the Purchaser will indemnify the Vendor against any claim made or actions brought by any Group Company or Group Undertaking in respect of any Group Receivable.